Legal Question in Banking Law in India
Demand notice served to borrower by bank. Borrower not in a position to repay the loan amount at the moment.On what grounds can the borrower delay the payment of loan amount
Asked on 11/01/12, 7:11 pm
2 Answer from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
There is no procedure under the law for the borrower to delay the loan amount. The Bank will file a petition for recovery against you before DRT. Engage a good lawyer .Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
Answered on 11/02/12, 2:09 am
Related Questions & Answers
-
Sir I want to take education loan for bachelor degree in abroad from state bank of... Asked 10/31/12, 7:27 pm in India Banking Law
-
I got some money of the bank by mistake. Is there any obligation on my side to... Asked 10/31/12, 8:48 am in India Banking Law
-
How many days will it take to get reply for writ petition in AP high court(to... Asked 10/31/12, 1:31 am in India Banking Law
-
Can a SBI employee aged 58 years continue in his service after getting a bail from... Asked 10/30/12, 2:49 am in India Banking Law
-
We have a consortium banking 1. nationalised bank (lead bank) 2. co operative bank... Asked 10/27/12, 7:33 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
